Veer Energy and Infrastructure stock gains 12%
DSIJ Intelligence / 07 Aug 2017
The company in a BSE filing on Monday said that the company has expressed their willingness to develop and has decided to start ‘Hybrid Division’.
During Monday’s trade on the BSE, the stock of Veer Energy and Infrastructure gained as much as 12% as the company announced that it has received a letter of interest from Maharashtra Energy Development Agency (MEDA), Pune, opinion on the installation of a solar or hybrid project at its existing wind projects.
The company in a BSE filing on Monday said that the company has expressed their willingness to develop and has decided to start ‘Hybrid Division’. The company wants to develop 10 MW solar or hybrid project on their existing approval of wind farm project for 10 MW at Dhule. The new introduction of hybrid division in which installation/development cost would reduce by 50%.
Trading at Rs 31.55, Veer Energy and Infrastructure was up by Rs 3.20 or 11.29% as at 1506 hours on Monday, on the BSE. The stock hit its intraday high and low of Rs 31.75 and Rs 28.35, respectively.
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